Iceland: Unemployment, total (% of total labor force) (modeled ILO estimate)
In , Iceland's Unemployment, total (% of total labor force) (modeled ILO estimate) was 3.63.
That's up 0.7% from 2024, the highest value since .
The global average for this indicator in 2025 was 6.73 . Iceland ranks #121 globally out of 182 reporting countries. Within Europe & Central Asia, it ranks #40 of 48.
Source: World Bank Open Data (SL.UEM.TOTL.ZS) • Data as of 2025
Trend (2006–2025)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
Highlights
- Peak
- 7.56
- Trough
- 2.25
- 1-year change
- +0.7%
- 5-year change
- -33.8%
- -7.9% / yr
- 10-year change
- -8.9%
- -0.9% / yr
Historical Data — Last 10 Years
| Year | Unemployment, total (% of total labor force) (modeled ILO estimate) |
|---|---|
| 3.6250 | |
| 3.6000 | |
| 3.5180 | |
| 3.7890 | |
| 6.0290 | |
| 5.4780 | |
| 3.5070 | |
| 2.7040 | |
| 2.7420 | |
| 2.9780 |
About Unemployment, total (% of total labor force) (modeled ILO estimate)
Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
Indicator code: SL.UEM.TOTL.ZS • Category: Labor & Business
Frequently asked questions
- What was Iceland's Unemployment, total (% of total labor force) (modeled ILO estimate) in 2025?
- In 2025, Iceland's Unemployment, total (% of total labor force) (modeled ILO estimate) was 3.63, according to World Bank Open Data.
- Is Iceland's Unemployment, total (% of total labor force) (modeled ILO estimate) rising or falling?
- Iceland's Unemployment, total (% of total labor force) (modeled ILO estimate) rose 0.7% from 2024 to 2025.
- How does Iceland rank globally on Unemployment, total (% of total labor force) (modeled ILO estimate)?
- In 2025, Iceland ranked #121 out of 182 countries reporting Unemployment, total (% of total labor force) (modeled ILO estimate).
- How does Iceland's Unemployment, total (% of total labor force) (modeled ILO estimate) compare to the world average?
- The global average for Unemployment, total (% of total labor force) (modeled ILO estimate) in 2025 was 6.73, so Iceland is below the world average. Within Europe & Central Asia, it ranks #40 of 48.
- What is Unemployment, total (% of total labor force) (modeled ILO estimate) and how is it measured?
- Unemployment refers to the share of the labor force that is without work but available for and seeking employment.
Source: World Bank Open Data (SL.UEM.TOTL.ZS), CC BY 4.0.